Shares of Lotus Technology Inc. Sponsored ADR (NASDAQ:LOT - Get Free Report) saw strong trading volume on Friday . 331,046 shares traded hands during trading, an increase of 115% from the previous session's volume of 154,275 shares.The stock last traded at $2.04 and had previously closed at $2.00.
Lotus Technology Stock Up 0.5%
The company has a 50-day moving average price of $2.17 and a two-hundred day moving average price of $2.00. The stock has a market capitalization of $1.39 billion, a P/E ratio of -1.33 and a beta of 0.44.
Lotus Technology (NASDAQ:LOT - Get Free Report) last announced its quarterly earnings results on Wednesday, June 25th. The company reported ($0.28) earnings per share for the quarter. The firm had revenue of $92.82 million during the quarter.
Institutional Investors Weigh In On Lotus Technology
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE increased its position in shares of Lotus Technology by 178.8% during the fourth quarter. Bank of America Corp DE now owns 7,560 shares of the company's stock valued at $27,000 after buying an additional 4,848 shares during the period. Jane Street Group LLC increased its position in shares of Lotus Technology by 64.1% during the first quarter. Jane Street Group LLC now owns 16,966 shares of the company's stock valued at $27,000 after buying an additional 6,629 shares during the period. XTX Topco Ltd purchased a new position in shares of Lotus Technology during the second quarter worth about $34,000. Marshall Wace LLP purchased a new position in shares of Lotus Technology during the fourth quarter worth about $63,000. Finally, Tidal Investments LLC grew its holdings in shares of Lotus Technology by 39.0% during the fourth quarter. Tidal Investments LLC now owns 110,270 shares of the company's stock worth $401,000 after purchasing an additional 30,933 shares in the last quarter. 63.40% of the stock is currently owned by institutional investors.
Lotus Technology Company Profile
(
Get Free Report)
Lotus Technology Inc engages in the design, development, and sale of battery electric lifestyle vehicles worldwide. It also distributes sports cars. The company sells its products under the Lotus brand. Lotus Technology Inc is based in Shanghai, China.
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